Nifty futures on the Nifty International Exchange traded 8 points, or 0.04 per cent, lower at 19,550, hinting at a flattish start for the domestic market on Friday.
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A short build-up was seen in 70 stocks, including Delta Corp, Federal Bank, Power Grid Corporation of India, Chambal Fertilizers and Bata India. An increase in OI along with a price fall indicates a build-up of short positions.
This week, investors would be majorly looking for Q1 earnings from the industry’s big-wigs such as HCL Technologies, TCS, Wipro, Tata Metaliks, Avenue Supermarts, Tata Steel Long Products, Federal Bank, etc.